32, PENN LANE, MELBOURNE, DERBY, DE73 8EQ - £785,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

32 PENN LANE is a large extended detached house of 146m², built sometime between 1983 and 1990. It was last sold for £785,000 in March 2024, which was around 131% above the average March 2024 detached price in the South Derbyshire local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

32 PENN LANE Sold Prices

Land registry data shows three sales for 32 PENN LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Derbyshire local authority area for the corresponding sale date. All of the three 32 PENN LANE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 4 MAR	£785,000	£339,378	131% above HPI
2018 27 APR	£440,000	£263,641	67% above HPI
1996 16 JUL	£137,500	£70,555	95% above HPI

32 PENN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The three 32 PENN LANE sales between July 1996 and March 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2018 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the March 2024 sale, where it rises to 131% above the HPI. The line then continues to track at 131% above the HPI.

How Large is 32 PENN LANE?

32 PENN LANE is 146m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the largest 40% of detached houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourne, and where 32 PENN LANE lies on this distribution: 65% of detached houses are smaller than 32 PENN LANE, and 34% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

32 PENN LANE: Plot and Title Map

32 PENN LANE sits on a plot of roughly 0.197 of an acre, or 796m². The below map shows the location of 32 PENN LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 32 PENN LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 32 PENN LANE?

32 PENN LANE is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 32 on PENN LANE.